Managing your personal finances can often feel overwhelming in Canada, particularly with current financial challenges and rising costs in cities like Toronto, Vancouver and Calgary. The 50/30/20 rule is an ideal and straightforward budgeting framework that will provide you with…
In financial planning, whether it is for a business or personal finance, how you budget can impact financial performance. Zero-based budgeting (ZBB) has received attention in recent years as a budget method that challenges traditional budget methods. But what is…
When life throws an unexpected curveball, it’s typically the financial side that causes the most grief. Now, it’s very normal to experience stress during a job loss, or when making large one-time payments like a vehicle repair or home repair…
In today’s economy, it’s not uncommon to hear the term “house poor”. With that in mind, though, what exactly does that term mean? Well, house poor means that you’re spending the majority of your income on your housing costs and…
While weddings can be costly, having a budget can help you plan the wedding you want without breaking the bank. However, this still is going to require some work. Before you start looking at venues and other aspects of the…
When purchasing a home in Canada, you have to consider more than just the cost of the home itself. There are many other costs associated with purchasing a home. Also, when it comes to your mortgage payments, you want to…